Canada’s 2018 version of the Income Tax Act contains 3,302 pages and 1,101,499 words.
tax complexity
July 28, 2017
10:00AM
One of the main sources of tax system complexity is the proliferation of credits, deductions and other special preferences.
April 12, 2017
3:00AM
In 1938, only 2.3 per cent of the population filed personal income taxes.
November 4, 2016
3:00AM
With more tax credits, the government has to keep income tax rates higher to raise the same amount of revenue.
May 10, 2016
2:39PM
From 2001 to 2014, the sheer number of personal income tax expenditures has increased 24 per cent.
April 29, 2016
9:00AM
Between 1971 and 2014, the federal Income Tax Act’s text area increased by 355 per cent.
April 29, 2016
3:00AM
In the 12 years following 2001, there were almost two new tax expenditures per year.
May 5, 2015
9:00AM
Over the years, the federal government has shown a penchant for muddling the tax system with a myriad of tax credits, deductions, exemptions and exclusions. But tax expenditures—as they are collectively known—recently drew fire from Canada’s auditor general.
April 27, 2015
6:00AM
Filed your taxes yet? You’ve got until Thursday at midnight. After that, according to the federal government, you’re officially in arrears.